UPDATE: Kathmandu shares slump to 2 1/2 year low on profit warning

Sun, 01 Feb 2015

(Adds investor comment starting in fifth paragraph, updates shares.) By Tina Morrison Feb. 2 (BusinessDesk) - Kathmandu Holdings stock slumped 19 percent to a two-and-a-half year low after the outdoor goods retailer said Christmas and January trading lagged behind expectations, resulting in a first-half loss. The loss was $1 million-to-$2 million in the 26 weeks ended Jan. 25, compared with a profit of $11.4 million in the same period a year earlier, the Christchurch-based company said in a statement. First-half sales rose 6.9 percent...

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